ONGC Projects and Financial Performance
ओएनजीसी
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OnGc
ESG: Ongoing Initiatives
MoU with SECI for Renewable Energy Projects:
MoU can also be utilized by ONGC group companies for development of RE based Power and other
ESG Projects such as Solar, Wind (Onshore), Solar Parks, EV Value Chain, Green Hydrogen, Storage etc.
Development of Geo thermal energy at Puga Valley in Ladakh:
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MoU signed with Ladakh UT on 06.06.2021, aligned with Hon'ble PM's call for Carbon Neutral
Ladakh
Envisages exploratory cum production drilling of wells and utilization of associated thermal energy
Project involves drilling of wells up to depth of 500 m with provisions to go up to 1000m, and
setting up of a Pilot plant of up to 1 MW power capacity in Phase-I
NoA for drilling placed on 12th April 2022
Expected Spudding in Q2 of 2022
Global Methane Initiative (GMI):
ONGC was first non-American Oil & Gas company to enter into MoU with United States Environmental
Protection Agency (US-EPA). Under this program, fugitive methane emissions are identified and
corrective actions taken to repair leakages.
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